Quant Manager Qube Grows China Fund 10-Fold to Above $2 Billion

Quantitative hedge fund giant Qube Research & Technologies grew assets in its China long-only equity fund more than 10-fold over the past year, as more global investors warmed to Asia’s largest market.

The Dao fund has topped $2 billion, up from around $190 million about a year ago, according to QRT’s Asia-Pacific chief operating officer, Murray Steel. It’s currently the only fund of four overseen by the more than $42 billion London-based firm that is open for additional capital, he said.